Distribution of Monthly Settlement Statement. Within seven (7) Business Days following each monthly disbursement of Trust Funds hereunder, the Disbursing Agent shall provide the Trustee with a reasonably detailed settlement statement and reconciliation report demonstrating that disbursements of the Trust Funds hereunder were applied in accordance with the applicable Master Application for Payment. Promptly upon receipt thereof from the Disbursing Agent, the Trustee shall deliver copies of the settlement statement and reconciliation report to StadCo, the Authority, the County, the FinanceCo Agent, and Ventures.
